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Macroeconomics

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Question 1 6.66 out of 6.66 points Correct 1. The most important determinant of consumer spending is: A) the level of household debt. C) the stock of wealth. B) consumer expectations. D) the level of income. Question 1 answers Selected Answer: Correct D Correct Answer: Correct D Question 2 text Question 2 6.67 out of 6.67 points Correct 2. The average propensity to consume indicates the: A) amount by which income exceeds consumption. B) relationship between a change in saving and the consequent change in consumption. C) percentage of total income that will be consumed. D) percentage of a change in income that will be consumed. Question 2 answers Selected Answer: Correct C Correct Answer: Correct C Question 3 text Question 3 6.67 out of 6.67 points Correct 3. If Ben's MPC is .80, this means that he will: income.
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income. Question 3 answers Selected Answer: Correct A Correct Answer: Correct A Question 4 text Question 4 6.67 out of 6.67 points Correct 4. Dissaving occurs where: A) income exceeds consumption. C) consumption exceeds income. B) saving exceeds consumption. D) saving exceeds income. Question 4 answers Selected Answer: Correct C Correct Answer: Correct C
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